The 2024 Atlantic hurricane season ends Nov. 30 after 18 named storms including the earliest Category 5 storm on record, and possibly one of the costliest hurricanes to the insurance industry. Of the 18 named storms, 11 were hurricanes and …
President Joe Biden’s administration is seeking $98.6 billion in emergency disaster relief funding from Congress to address the devastation from recent back-to-back hurricanes that hammered the US southeast and left billions in damage. The president’s budget chief, Shalanda Young, on …
Tropical Storm Sara has formed off the coast of Honduras, threatening to unleash catastrophic flooding and landslides across Central America. Sara, the Atlantic’s 18th named storm this season, had top winds of 40 miles (64 kilometers) per hour and was …
Florida’s Citizens Property Insurance Corp. has lifted its suspension on binding of policies as Hurricane Rafael turned away from Florida and was tracking toward Mexico and was expected to weaken. Citizens, the largest property insurer in the state, ended the …
Florida’s state-created Citizens Property Insurance Corp., the largest insurer in the state, suspended binding on policies, statewide, as yet another hurricane approaches from the Carribbean Sea and Gulf of Mexico. The suspension was lifted by Thursday morning. Update: Citizens Resumes …
The third quarter of 2024 saw a significant number of natural disaster events, which drove year-to date economic losses above at least $258 billion and insured losses of at least $102 billion, according to Aon plc in its Q3 Global …
Although 2024 has seen significant global natural catastrophe activity, economic costs were slightly below average through the third quarter, according to Gallagher Re’s latest Nat Cat report. The total economic loss from natural perils in the first three quarters of …
The Federal Emergency Management Agency can meet immediate needs but does not have enough funding to make it through the hurricane season, Homeland Security Secretary Alejandro Mayorkas told reporters Wednesday. The agency is being stretched as it works with states …
Hurricane Helene barreled into the western coast of Florida with dangerous winds, knocking out power for more than a million customers and threatening to unleash deadly flooding across several states. Helene made landfall near Perry with top sustained winds of …
Francine knocked out power to nearly half a million homes and businesses and canceled hundreds of flights across the US South after coming ashore as a hurricane. The storm has weakened to a tropical depression with winds of 35 miles …
